Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
As an investor, it's always easy to know you made the right move when you look back. Hindsight is always twenty-twenty, CNBC's Jim Cramer said.
But the "Mad Money" host knows that it's much harder to get things right in the moment, when things are emotional and you're trying to predict how something will turn out in the moment.
One of the benefits of being an individual investor is that they don't have clients breathing down their neck who get angry when money isn't made every quarter. Unlike a hedge fund manager, individual investors can take their time waiting for a story to play itself out.
"If you think that a stock deserves to go higher, whether because of a re-rating or a takeover or anything else that will produce greater returns, then wait. No one is looking," Cramer said.
In order to help investors become better at navigating the stock market, Cramer revealed some of the biggest mistakes he has made in over 30 years of investing.
"Frankly, there are so many mistakes here that it might take a bit to explain them all," the "Mad Money" host said.
He learned that when it comes to investing in commodity stocks, investors must know that it doesn't matter which ones they pick — like going for a better balance sheet or higher growth — if the underlying commodity is hit. If that happens, they will all go lower.
Cramer thought he could avoid getting hurt by taking on a high-growth deep-value strategy, by only buying the highest quality companies for his charitable trust. He bought EOG Resources and Marathon Oil, and was wrong on both accounts.
Though EOG had the best properties, no one cared. Oil stocks all traded together, and almost every company wasn't able to cut spending fast enough to beat the declining price of crude.
"Don't think you can outrun a commodity grim reaper, even with a derivative situation like a master limited partnership," Cramer said.
Cramer has become an expert at detecting an attractive growth story to hang on to, even when it's not the popular thing to do.
"Solid growth stories are hard to come by, and when you find them, you need to hang on for the ride," Cramer said.
It might be hard to remember, but Facebook was once considered a disappointing company that failed to live up to its potential for about a year after it came public. It seemed to Cramer that Facebook missed the entire migration to mobile from desktop, and the stock was pummeled.
At that time, Facebook was trading in the $20s and Cramer started digging into the company's conference call transcripts. He found that the company not only reported a good quarter, but that as the company adopted the switch to mobile, advertisers were flocking to it.
Cramer's charitable trust bought Facebook in the mid-$20s and was fortunate enough to catch a huge rally after that. He hung on to the stock because each quarter showed an improvement in the numbers and the stock's price to earnings multiple wasn't expanding.
"You were simply paying the same amount for even bigger earnings growth. That is the best kind of situation," Cramer said.
It seems to Cramer that the notion that investors shouldn't own individual stocks has become more popular in the last decade.
"The industry of money management does you such a disservice on television, because the combination of their seeming perfection coupled with the debasing of your own abilities is a toxic brew for do-it-yourselfers," Cramer said.
One of the principles of investing is to decide when it can actually be done alone, or if it is too difficult.
A sobering example of this is anyone trying to profit from the pharmaceutical innovation with drug stocks. The key is to avoid a company that has only a few drugs in the pipeline that one day may or may not be approved for use by the FDA. They might be too risky, and never get approval and limp along forever.
"When you have a drug company up against a difficult disease that many others have failed to cure, be more skeptical. There is a reason that others failed. It is an incredibly difficult problem to solve. The company you like might fail, too," Cramer said.
Cramer harbors a grudge for Wall Street professionals who tell people they can't invest on their own.
"I watched people clobber the market regularly and I have always, therefore, resented those who tell you that you can't do it yourself," Cramer.
When Cramer worked at Goldman Sachs advising wealthy investors on their portfolios, he was astonished by how often home gamers would crush the market simply by doing their homework.
The truth is that not all money managers are perfect and they do make mistakes. However, their need to appear as though they are perfect can be discouraging to investors. Cramer thinks it could lead many to believe that investing should never be done at home and they should give their money to someone else to manage.